🚨 $CATI Facing Significant Pressure: Continuing Downward Momentum 🚨

📉 Technical Analysis Report: $CATI/USDT 📉

As of the latest data, $CATI/USDT is trading at $0.6651, marking a 4.63% decline. The trading chart is displaying a possible ascending channel, with $CATI reaching a 24-hour high of $0.7290 and a low of $0.6612.

After nearing resistance at $0.7290, the price has sharply reversed, now testing critical support at $0.6651, which aligns closely with current levels. A breach below this could lead to further downside, targeting $0.6556. On the upside, a bounce from here could drive prices back towards the upper trend line.

📊 Key Levels to Watch:

Immediate Support: $0.6651

Potential Downside: $0.6556

Resistance: $0.7290

Traders should monitor these levels for potential entry and exit points, while keeping an eye on market sentiment and volume indicators for more clues.

#CATIonBinance #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #NeiroOnBinance